Commercial Associate - Commercial Real Estate Banking (CREB) - Community Development Banking

Job description

Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Summary: Bank of America Community Development Company (BACDC) is seeking a Commercial Associate to join the team. Bank of America’s Community Development Banking (CDB) group, part of the Commercial Real Estate Bank (CREB), is committed to strengthening communities nationwide through financing that supports affordable housing and broader community development. From 2020–2025, CDB provided more than $42 billion in debt and equity financing, creating and preserving over 74,000 affordable housing units across 335 cities in 40 states. CDB partners with for‑profit and nonprofit developers using Low Income Housing tax credits (LIHTC), Historic Tax Credits (HTC), New Market Tax Credits (NMTC), debt, and non-tax-credit equity to support housing that revitalizes neighborhoods, expands economic opportunity, and promotes long‑term community stability. CDB advances this work in some of the nation’s most competitive housing markets by providing equity investments for workforce and middle‑income housing delivering high‑quality, attainable homes for individuals and families through BACDC. Job Description: This job is responsible for delivering analytical research and data-driven insights to support commercial banking client and prospect needs with banking and product partners. Key responsibilities include developing economic and market insights, industry analysis, pitchbooks, and relationship reviews that inform strategy, and providing support throughout interactions. Job expectations include leveraging data to tell stories, supporting internal idea generation and transaction execution, strengthening client engagement, and observing client interactions to build foundational knowledge. Responsibilities: Supports the analysis of market and industry data to uncover insights for client/prospect meetings, pitch books, and relationship reviews Collaborates with Market Executives, Relationship Managers, and team members across the bank to help prepare client presentations and support client deals Observes and supports the credit approval and treasury solutions processes to build knowledge of products, services, and related approval and packaging requirements Supports the coordination of clients/prospects and partners from product and deal teams throughout the course of a transaction Supports the delivery of new business analytics, monitors client activities, and performs portfolio optimization to identify and expand client relationships while maintaining and enhancing business opportunities Understands and interprets financial and cash flow statements to assess and analyze financial conditions of companies and industry trends Observes with domestic and international teammates including Investment Banking, Foreign Exchange, and Wealth Management, and facilitates client relationships with Product Specialists in Credit, Treasury Management, and Merchant Services to design and deliver financial solutions Required Qualifications: Minimum of two years of professional or business experience Applies analytical thinking and financial modeling skills Demonstrates strong critical thinking and the ability to work independently Displays excellent written and verbal communication skills Possesses proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook) Maintains strong attention to detail and organizational skills Has strong interpersonal skills with the ability to work collaboratively in a team environment Understands and interprets corporate financial statements Desired Qualifications: Previously held an internship or entry-level role in financial services Undergraduate Degree in Accounting, Finance, Real Estate, City or Urban Planning or related area Demonstrated interest in affordable housing or community development. Skills: Continuous Improvement Data Visualization Relationship Building Client Management Data and Trend Analysis Financial Analysis Project Management Referral Identification Business Development Client Solutions Advisory Market Analysis Pipeline Management Risk Management Minimum Education Requirement: Bachelor’s degree in related field or equivalent work experience Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110) Pay and benefits information Pay range $85,000.00 - $125,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.